Real estate market witnesses high demand from education providers

Following changes to whole foreign investment in the provision of educational services, the Yangon real estate sector has seen demand for condominiums and office units increase.

Supplied: Dulwich College

Dulwich College Pun Hlaing Estate Campus.

Yangon's real estate sector has seen a great increase in demand for high-standard condominiums and office units following amendments allowing foreigners to wholly invest in the provision of educational services in Myanmar.

The demand increase comes as education investors find leasing or buying condominiums or new offices to open schools, easier than searching for land on which to establish a new school campus. With enquiries for this type of environment coming from post-graduate and short-term course providers who do not require much space.

The British International College has also announced that it will invest a further $8 million into StarCity to expand and further develop campus facilities. Dulwich, Pun Hlaing and StarCity are owned and run by Yoma Strategic Holdings.

For education investors, location is an important factor to consider. Space, the surrounding area and the opportunity for student expansion in the long term are vital for success, and mixed-use development projects are an effective option to safeguard success.

The changes in regulation will also make it easier for private schools to open in Myanmar, with the promise for potential growth in the property and education sector.